Setting up your own physiotherapy business
As a new graduate it is unlikely that you will set up your own private practice or employ others, however given the current climate we are being forced to become more innovative with our methods of gaining some valuable physiotherapy experience.
There are many areas in physiotherapy where as new graduates we can begin to specialise and offer our skills to General Practitioners or to Private Practice Physiotherapists and Sports Teams.
In order to be able to do this however you must have some knowledge of the skills, information and requirements needed to set up a business. An area which is alien to most new graduate physiotherapists!
Below you will find some basic information regarding some of the important factors that should be considered before you begin to provide physiotherapy services independently. Links are provided to many different websites which offer greater explanation and detail.
My Skills?
First and foremost you should try to assess what entrepreneurial skills you may have and what skills you could work on.
This website offers some great self-assessment skills and may be a useful tool for you to identify any areas where you could improve your skills.
Do the background work!!
Once you have decided on the area you would like to work in or the physiotherapy service you plan to offer you need to specialise! Make sure you know everything there is to know about your topic and that you are confident in presenting and supporting your idea with evidence. You also need to be sure that you have identified a niche market and that you are offering a service that is ‘in demand’ and that the public will be happy to pay for!
It may be helpful to compose a power point presentation that you could present to any potential employer or to an investor.
Getting Started
Finally once you have completed the background work you can begin to work on setting up your business.
Most of the information you need to do this in Ireland is available via the citizens Information website.
This website has lots of useful information and gives great advice.
Drawing up your business plan
A business plan should include the following
• An executive summary
• A brief description of yourself, what your business intends to offer and to whom
• Information regarding the operations of the business
• Financial Information
I would advise you to get some assistance with this. Again there are some suitable courses available. Visit You may get tax relief for 3 years depending on the number of people you employ and subsequently pay PRSI for
If you are a sole trader you pay tax under the self-assessment system
Visit the citizen information link and read the IT48 starting in business pdf for more information.
Duties as an employer
Register for PAYE and PRSI: Obligations and duties of employer and employees.
Visit:
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Ola!
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